Greece: Banks to reopen on Monday as cash lifeline is announced

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Greece’s banks will reopen on Monday, three weeks after they were closed amid the country’s debt crisis.

But maximum withdrawals of just 60 euros a day look set to remain.

News of banks getting back to business came after Europe moved to reopen its cash flow to Greece’s stricken economy with the European Central Bank increasing emergency funding for Greek lenders.

EU finance ministers also approved 7 billion euros in bridge loans to keep Greece afloat.

Banks to reopen on Monday, after sudden ECB cash boost http://t.co/dPeyK39pa5 pic.twitter.com/gGWgKSClTI— Kathimerini English (@ekathimerini) 16 Juillet 2015

The twin lifelines are a reward for Greek Prime Minister Alexis Tsipras.

Despite a revolt within his left-wing Syriza party, he won backing from parliament in the early hours of Thursday for the tough reform measures demanded by creditors, led by Germany.

Visiting Berlin, Eurogroup President Jeroen Dijsselbloem seemed eager to move on from the doomsday scenario of a